Mon, May 28, 2012, 8:44 PM EDT - U.S. Markets closed for Memorial Day

US market futures dip as Europe frets over Greece

US stock market futures dip, echoing declines in Europe as worries continue over Greek bailout

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DELL12.460.01

NEW YORK (AP) -- U.S. stock futures are falling, echoing declines in Europe where investors fretted over the details of the Greek bailout plan.

The concern is that the $172 billion deal may not be enough to keep Greece from eventually defaulting and possibly abandoning the euro.

Dow Jones industrial average futures are down 9 points at 12,936. The Standard & Poor's 500 is off 2.2 points to 1,357.90. Nasdaq composite index futures are down 2.3 points at 1,357.80.

In Europe, Germany's DAX is down 0.7 percent at 6,860 and the CAC-40 in France is 0.4 percent lower at 3,452. London's FTSE 100 index is down 0.3 percent at 5,928.

U.S. stocks to watch include homebuilder Toll Brothers, which posted a first-quarter loss, and Dell Inc., which reported an 18 percent drop in profit for its fourth quarter.

 

1 comment

  • Keith  •  3 months ago
    Is any of this to be taken seriously?

    Yesterday we were treated to article after article that stocks were up because of hopes that European bankers would reach a deal with Greece. They did. Today we get this nonsense.
 
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